December 2018
RESIDENTIAL Real Estate Market Statistics – Lancaster County PA
The info. below is a look at the Lancaster County real estate market for December 2018. Although inventory is still tight, there were still homes sold/settled in December. Additionally, there were 360 homes listed in December 2018. The median list price was $210,000 and the median sold/settled price was $202,500. This represents 4.7 months of inventory. Keep in mind that 6 months of inventory is considered a ‘balanced’ seller/buyer market, so we are still slightly slanted towards a sellers’ market in Lancaster County. The average days on market for the sold properties was 58 days.
Market Statistics Summary & Chart:
New listings in December = 360
Median list price in December = $210,000
Sold / (settled) homes in December = 397
Median sold / (settled) home price in December = $202,500
Average days on market = 58
Total months of inventory available at the end of December = 4.7
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December 2018
Multi-Family Real Estate Market Report – Lancaster County PA
In December 2018, there were 10 multi-family properties newly listed in Lancaster County, PA. There were 6.4 months of inventory available for purchase. (Remember – 6 months is considered a balanced seller/buyer market). There were 16 multi-family properties sold/settled in December, with another 12 properties moving from active listing to ‘pending sale’ status. The median sold price of $155,000 and an average sold price of $180,624.
Market Statistics Summary & Chart:
New listings in December = 10
Median list price in December = $229,950
Sold / (settled) multi-family properties in December = 16
Median sold / (settled) home price in December = $155,000
Average days on market = 28
Total months of inventory available at the end of December = 6.4
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